Guideline Value for Guruswamy Avenue

Guruswamy Avenue guideline value

The current guideline value of Guruswamy Avenue, located in Anakaputhur village under the Pammal SRO, is Rs 2,350 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Guruswamy Avenue has changed

The guideline value for Guruswamy Avenue has seen several revisions over the years. In 2003, the value was set at Rs 256 per sq.ft, which increased to Rs 345 per sq.ft in 2007. The 2017 revision marked a significant jump to Rs 1,407 per sq.ft, followed by another increase to Rs 2,099 per sq.ft in 2023. The most recent revision in 2024 has further raised the guideline value to Rs 2,350 per sq.ft. The register has no figures for the years 2002 and 2012.

In terms of percentage changes, the guideline value increased by 35% from 2003 to 2007, followed by a substantial 308% rise from 2007 to 2017. The value then rose by 49% from 2017 to 2023, and finally, there was a 12% increase from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 818%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. Guruswamy Avenue's 2024 guideline value is above this median.

• Guruswamy Avenue -II: Rs 2,350 per sq.ft (2024)
• Guruswamy Nagar 1st Street: Rs 2,350 per sq.ft (2024)
• Gurusamy Nagar VIth Street: Rs 2,350 per sq.ft (2024)
• Guruswamy Nagar 2nd Street: Rs 2,350 per sq.ft (2024)
• Gurusamy Nagar VIIth Street: Rs 2,350 per sq.ft (2024)
• Guruswamy Nagar 3rd Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Guruswamy Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value amounts to Rs 23,50,000. The stamp duty at 7% would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, totaling Rs 2,11,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Guruswamy Avenue?

The Sub Registrar Office that covers Guruswamy Avenue is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Anakaputhur

The guideline value is a critical factor used during property registration in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. It is essential to consider this value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Guruswamy Avenue?

The current guideline value of Guruswamy Avenue is Rs 2,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 256 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, marking an overall increase of 818% over this period.

What is the land classification for Guruswamy Avenue?

Guruswamy Avenue falls under the Residential Class III Type - I land classification.

Which office handles registrations for properties in Guruswamy Avenue?

The Pammal Sub Registrar Office handles registrations for properties in Guruswamy Avenue, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Guruswamy Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty and registration fee of Rs 2,11,500.